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NEW YORK CITY-Andrew Heiberger, an industry veteran, has opened a new real estate brokerage firm, Town Residential. He is opening two offices in Manhattan to accommodate 140 brokers.

Heiberger is opening a headquarters measuring 16,000 square feet at 110 Fifth Ave. at 16th Street in the Flatiron District to house 110 brokers for Town Residential. A second office, situated in the Financial District, will house 30 agents. Heiberger is also planning to open offices on East 57th Street and in Greenwich Village. For the full story, go to Wall Street Journal.

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